asked the Minister for Finance if he will state in respect of each national loan floated for public subscription since 1948 (a) the amount thereof and the terms under which it was issued, and (b) the amount taken up by (i) the public, (ii) the commercial banks, and (iii) any underwriters.
Written Answer. - National Loans.
Following is the information requested:
PARTICULARS OF NATIONAL LOANS.
Loan |
Price |
Date of Issue |
Amount |
Allotments to |
|||
Public |
Commercial Banks |
Departmental Funds |
Sub-underwriters |
||||
£ |
£ |
£ |
£ |
£ |
|||
3% Exchequer Bonds, 1965/70 (1st issue) |
100 |
March, 1948 |
12,000,000 |
11,715,950 |
— |
284,050 |
— |
3% Exchequer Bonds, 1965/70 (2nd issue) |
100 |
March, 1949 |
12,000,000 |
7,697,340 |
— |
4,302,660 |
— |
3½% Exchequer Bonds, 1965/70 |
99 |
September, 1950 |
15,000,000 |
10,096,500 |
3,269,030 |
1,634,470 |
— |
5% National Loan, 1962/72 |
100 |
September, 1952 |
20,000,000 |
20,000,000 |
— |
— |
— |
4½% National Loan, 1973/78 |
97 |
October, 1953 |
25,000,000 |
16,292,260 |
5,000,000 |
3,452,240 |
255,500 |
4¼% National Loan, 1975/80 |
96 |
October, 1954 |
20,000,000 |
15,197,100 |
4,202,900 |
600,000 |
— |
5% National Savings Bonds, 1971/81 |
98½ |
February, 1956 |
20,000,000 |
8,701,360 |
5,401,420 |
5,401,420 |
495,800 |
5½% National Loan, 1966 |
98 |
October, 1956 |
12,000,000 |
9,166,300 |
1,316,000 |
1,316,000 |
201,700 |
NOTES: (i) In the cases of the 3½% Exchequer Bonds, 5% National Savings Bonds and 5½% National Loan, the allotments to the Commercial Banks were in respect of underwriting commitments; (ii) by arrangement with the commercial banks none of them subscribed to either issue of 3% Exchequer Bonds.